Oil Search says assuming operatorship three months earlier than expected is a result of support from government, regulators, joint venture partners and native companies.
Following the acquisition, OSL has assigned 127.5 million barrels (mmbbl) of 2C contingent oil resource to the Pikka Unit, which reflects Oil Search’s 25.5 percent share of the estimated gross resources of 500 mmbbl for the Unit.
The Alaskan North Slope is one of the US’ largest conventional oil discoveries in recent times.
